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3428 N 18th Street
Philadelphia, PA 19140
Asking Price
$1.00M
Asset Type
Residential Multifamily
Class
Class B
What's Special
43-Unit Multifamily Development Opportunity <ul><li>43-Unit Development Opportunity | Preliminary plans show a four-story, 43-unit multifamily building totaling approximately 35,761 GSF with 18 parking spaces, 15 bicycle spaces, rooftop deck, and amenity areas</li><li>Basis | Offered at $1,000,000 for a development site with in-place income</li><li>In-Place Income | 40 self-storage units totaling 8,910 RSF with 100% occupancy, generating approximately $67,860 in annual rental income</li><li>Zoning / Development Potential | Zoned RSA-3
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
